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Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”.

Adoption Of Cloud Services Would Make Enterprises Agile & Offer Them Competitive Advantage

IT departments to become trend-setters with the adoption of various cloud computing services & hence getting unhindered adoption by the companies with different IT budgets

Cloud Services & Applications

Cloud computing technology helps in sharing network of remote servers that are hosted over the Internet rather than on some local server or hard disc drive in personal computer to essentially store and manage these data for further sharing and processing. Various services provided by the technology are referred to as cloud services and it may typically refer to a common storage space through which virtually any number of devices in the network can access data simultaneously.

The application of cloud computing technology is becoming a commonplace across enterprises of all sizes and geographies and gaining fast emerging as a ubiquitous technology. Industries worldwide are gaining competitive advantage by increasing the adoption of different and newer cloud based services by exploring innovative business models.

Benefits

As the technology is getting unhindered adoption by the companies with varied IT budgets, the talking point in corporate domain is to which services would gain traction in near future and most importantly the reason for the segment gaining prominence. The adoption of cloud based services have led to IT departments of various organizations become agenda setters that driving digital innovation. The benefits are many: enterprise cost reduction, enhanced security and scalability, protection of voluminous data and round the clock access. World over, businesses with limited budget will be proactively invest in a network infrastructure that can handle computing and storage needs without spending on costly hardware; the service providers enable them to subscribe to a demand-based system that uses pay-per-use basis. This lends immense scalability to small companies by cloud computing services, making them trend-setters among rival companies by using just the right technology. And no doubt, the benefits are quantifiable, as the market analysts assert.

Market Growth Prospects

As per a recent report by Allied Market Research titled “World Cloud Services Market - Opportunities and Forecasts, 2013 – 2020”, when compared to conventional physical storage, cloud services is estimated to save 35% of the annual operations cost. As per the report, the global cloud services market would grow at a CAGR of 17.6% from 2014 to 2020, reaching a market size of $555 billion in 2020

Clients have a plethora of computing services options to choose from depending upon their needs and budget. Clients can choose from infrastructure as a service (IaaS), software as a service (SaaS), platform as a service (PaaS), or business process as a service (BPaaS), among others and the models of implementation can be public, private or hybrid – combining features of both the models. As per Gartner, Inc., worldwide public cloud based services market would reach $204 Billion by the end of this year, while IaaS would continue to be the dominant segment as enterprises increasingly shift their infrastructure requirement to the public cloud. A prominent example of IaaS is Amazon web services, while the familiar examples of SaaS are Microsoft Office 365, Salesforce and Google Apps.

Cloud service providers to offer the maximum benefits of cloud computing technology should persuade companies and organizations make most applications cloud-optimized. These will be possible only when these applications provide various a range of benefits to organizations of varied interest and sizes, which are otherwise inaccessible at present.

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Contactless
Payments Market by Device Type and Industry Vertical: Global
Opportunity Analysis and Industry Forecast, 2017-2023, the global contactless
payments market was valued at $6,734 million in 2016, and is projected to reach
at $25,565 million by 2023, growing at a CAGR of 21.2% from 2017 to 2023. In
2016, the mobile devices segment accounted for the highest revenue share in the
contactless payments market.

Consumers as well as enterprises have increasingly adopted
number of ways for convenient and secure payments. One of such medium is a
contactless system that has revolutionized the retail and transportation
industries in the past few years. Get the PDF brochure of this market
insight: https://www.alliedmarketresearch.com/request-sample/2513
The global contactless payments market is driven by
convenience in processing low-value payments, increased revenue opportunities,
and reduced transaction time. However, high costs involved for the deployment
of EPOS terminals and lack of t…